Archive for September, 2014
Economy | 2014-09-30
Algeria launches religious reform
The call by Algeria’s religious affairs minister to restore “a moderate form of Islam” sparks reaction from the blogosphere. (more…)
LTU-1, on the Rharb Central permit, was drilled to a depth of 1,182 metres and encountered a 12 metre gross reservoir section.
Gulfsands Petroleum (LON:GPX) said it is full steam ahead in Morocco, where it made a significant gas discovery in July. (more…)
Terrorism | 2014-09-29
Benghazi violence continues
Blood-soaked Benghazi sees no let-up in a wave of targeted assassinations. (more…)
Morocco’s BMCE Bank said net profit rose 51 percent to 902 million dirhams ($103.29 million) in the first half of 2014. (more…)
Spanish and Moroccan police have arrested nine people suspected of belonging to a militant cell linked to Islamic State, including the leader of the cell, Spain’s Interior Ministry said on Friday.
The ministry said the nine belonged to a group based in the Spanish enclave of Melilla on the northern coast of Africa and neighbouring Nador in Morocco. (more…)
Addoha, Morocco’s biggest property developer by market value, posted a 2.1 percent rise in first-half net profit on Friday, as rising sales helped to offset a government-driven squeeze on margins.
The company said it made a net profit of 608 million dirhams ($70 million) on an 11 percent rise in consolidated sales revenues to 3.36 billion dirhams. (more…)
The blossoming economy in Morocco is presenting opportunities for port investment, and officials are hoping good news could spur up to $8 billion in new port infrastructure. (more…)